DekaBank Deutsche Girozentrale Buys 802 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

DekaBank Deutsche Girozentrale increased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 4.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 20,062 shares of the insurance provider’s stock after buying an additional 802 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cincinnati Financial were worth $1,589,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CINF. Private Trust Co. NA increased its position in shares of Cincinnati Financial by 1.2% in the first quarter. Private Trust Co. NA now owns 10,421 shares of the insurance provider’s stock worth $895,000 after purchasing an additional 122 shares during the last quarter. CWM LLC increased its position in shares of Cincinnati Financial by 10.4% in the first quarter. CWM LLC now owns 1,317 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 124 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Cincinnati Financial by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 2,460 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 149 shares during the last quarter. NEXT Financial Group Inc increased its position in shares of Cincinnati Financial by 7.7% in the fourth quarter. NEXT Financial Group Inc now owns 2,153 shares of the insurance provider’s stock worth $167,000 after purchasing an additional 153 shares during the last quarter. Finally, Creative Planning increased its position in shares of Cincinnati Financial by 0.9% in the fourth quarter. Creative Planning now owns 18,592 shares of the insurance provider’s stock worth $1,439,000 after purchasing an additional 158 shares during the last quarter. 63.18% of the stock is currently owned by institutional investors.

A number of research analysts have commented on the stock. BidaskClub cut shares of Cincinnati Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. MKM Partners reiterated a “buy” rating and set a $120.00 price target (up from $100.00) on shares of Cincinnati Financial in a research report on Friday, May 24th. Credit Suisse Group upgraded shares of Cincinnati Financial from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $90.00 to $110.00 in a report on Friday, May 17th. Finally, Zacks Investment Research lowered Cincinnati Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $101.75.

Cincinnati Financial stock traded up $1.46 on Monday, hitting $105.13. 478,852 shares of the stock traded hands, compared to its average volume of 706,685. Cincinnati Financial Co. has a 1 year low of $66.56 and a 1 year high of $106.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a fifty day moving average of $100.69. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 31.38 and a beta of 0.67.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11. Cincinnati Financial had a return on equity of 7.35% and a net margin of 15.97%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the company earned $0.72 earnings per share. The company’s revenue was up 76.4% on a year-over-year basis. On average, equities analysts forecast that Cincinnati Financial Co. will post 3.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Wednesday, June 19th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $2.24 annualized dividend and a yield of 2.13%. Cincinnati Financial’s payout ratio is 66.87%.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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